NetSuite Reports Q4, Beats Estimates

NetSuite (N) Thursday afternoon reported fourth quarter revenue of $31.7 million, with a non-GAAP loss of a penny a share, ahead of the Street consensus of $30.5 million and a loss of four cents a share.

For the first quarter, the company sees revenue of $33 million to $34 million, with a non-GAAP loss of 1-2 cents a share. The Street has been expecting $33.65 million and a loss of 2 cents.

For 2008, NetSuite sees revenue of $153 million to $156 million, with a non-GAAP loss of 1-4 cents a share. The Street consensus is $152.3 million and a loss of 3 cents a share.

After hours, NetSuite is up a penny at $23.50.